- interesting day today
- there was no follow up buying for yesterday's bar.
- first 2 bars were big bars and negative
- this sets the mood for short trade
- I shorted at first arrow
- 2nd arrow is short trade as initial trading range breaks (black line)
- trailing SL hit at black arrow
- long trade not considered as bigger trend is down.
Hourly charts - swing high formed around 7720 F. This level earlier offered support - now it will offer resistance.
- there was no follow up buying for yesterday's bar.
- first 2 bars were big bars and negative
- this sets the mood for short trade
- I shorted at first arrow
- 2nd arrow is short trade as initial trading range breaks (black line)
- trailing SL hit at black arrow
- long trade not considered as bigger trend is down.
Hourly charts - swing high formed around 7720 F. This level earlier offered support - now it will offer resistance.
No comments:
Post a Comment